Flipkart leads $60M investment in logistics startup Shadowfax

Flipkart leads $60M investment in logistics startup Shadowfax

Walmart’s Flipkart has backed Shadowfax in a new $60 million financing round as the retail giant works to strengthen its logistics network in the nation. Flipkart, which alone contributed $30 million, led the Series D financing round for the three-year-old Bangalore-based startup, Shadowfax co-founder and chief executive Abhishek Bansal told Read more…

FedEx robot sent packing by NYC

FedEx robot sent packing by NYC

FedEx’s autonomous delivery bot got a cold reception from New York City officials. After the company’s SameDay Bots — named Roxo — popped up on New York City streets last week, Mayor Bill de Blasio and transportation officials delivered a sharp response: Get out. FedEx told TechCrunch that the bots Read more…

Inside Prosus Ventures’ $4.5 billion bet on India

Inside Prosus Ventures’ $4.5 billion bet on India

Prosus Ventures last week filed a hostile offer for British food delivery startup Just Eat, an attempt to defeat a unanimous rejection from its board and simultaneously fend off a bid from rival Takeaway. The giant Naspers spinoff said it was willing to pay as much as $6.3 billion in Read more…

VTEX, an e-commerce platform used by Walmart, raises $140M led by SoftBank’s LatAm fund

VTEX, an e-commerce platform used by Walmart, raises $140M led by SoftBank’s LatAm fund

E-commerce now accounts for 14% of all retail sales, and its growth has led to a rise in the fortunes of startups that build tools to enable businesses to sell online. In the latest development, a company called VTEX — which originally got its start in Latin America helping companies Read more…

Samasource raises $14.8M for global AI data biz driven from Africa

Samasource raises $14.8M for global AI data biz driven from Africa

AI training data provider Samasource has raised a $14.8 million Series A funding round led by Ridge Ventures. The San Francisco headquartered company delivers Fortune 100 companies with the inputs they need for machine learning development in fields including autonomous transportation, e-commerce and robotics. And it does so with a Read more…

Walmart Grocery now offers curbside alcohol pickup at 2,000 U.S. stores

Walmart Grocery now offers curbside alcohol pickup at 2,000 U.S. stores

The online grocery wars continue. Amazon this week just made grocery delivery free, so Walmart is now touting how its grocery service offers the booze. The retailer today announced a new milestone in terms of giving its customers the ability to shop for alcohol online, noting that over 2,000 Walmart Read more…

walmart money card

Walmart and Green Dot to jointly establish a new fintech accelerator, Tailfin Labs

Walmart announced today an expansion of its existing relationship with financial services provider Green Dot, which will continue to serve as the issuing bank and program manager for the Walmart MoneyCard program for another seven years. The two companies also agreed to partner on the creation of a new fintech Read more…

Walmart-owned Flipkart bets on free video streaming service and Hindi support to win next 200 million internet users in India

Walmart’s Flipkart confirms it is entering the food retail business in India

India’s Flipkart is entering the food retail business as the e-commerce giant looks to expand its reach in the nation, its chief executive said on Tuesday. Flipkart, which sold majority stake in the company to Walmart for $16 billion last year, has registered an entity called ‘Flipkart Farmermart Pvt Ltd’ Read more…